An examination of government use of private-sector resources for public benefit. Includes contracts, benefits and problems, examples (Caltrans' Riverside Freeway Project and the Eurotunnel), risks, implementation and types.
Written in 1994; 6,975 words; 17 sources; $ 135.95
From the Paper:
"Build.Operate.Transfer
Faced with major infrastructure needs, governments in both developed and third.world nations have resorted to build.operate.transfer (BOT) techniques. The BOT concept is actually quite simple. It involves the utilization of private.sector resources for public benefit. Most BOT contracts involve some public utility or transport facility. Typically, development contracts are granted to private consortia comprised of contractors, financiers, and various advisors. These professionals finance, design, and build the public project. Upon completion, the consortium is then allowed to operate the concession for a set period of time. At the end of this concession period, control of the facility is transfered back to the government. While this model may be remarkably simple..."
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